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Vermont and Québec Aerospace Trade Corridor Endures the Pandemic
In December, the Vermont Agency of Commerce and Community Development and the U.S. Small Business Administration partnered with the Vermont Chamber of Commerce and U.S. Commercial Service to host a delegation representing Vermont’s aerospace, aviation, and defense sectors at a reinvented 100% virtual edition of the 2020 Aerospace Innovation Forum by Aéro Montréal, with the theme of “Smart Travelling Rethought.” This effort was in support of the work to build a U.S.-Canadian Aerospace Corridor linking Vermont’s $2 billion aerospace and aviation cluster with the $28 billion Canadian aerospace industry for cross-border contacts and contracts. This was also part of the vision of the Memorandum of Understanding between the Vermont Chamber of Commerce and Aéro Montréal, signed in 2013 and now enhanced by extension of the corridor to Connecticut.
Due to generous support provided through the U.S. Small Business Administration’s State Trade Expansion Program (STEP), and coordinated at the state level by the Vermont Department of Economic Development, Vermont’s delegation gained access to rich content on new and emerging trends from industry leaders, as well as online B2B meetings with prime contractors, Tier 1 suppliers, and fellow SME suppliers that represent Québec’s $13.8 billion aerospace cluster. According to Gartner Research, 80% of B2B sales interactions between suppliers and buyers will occur in digital channels by 2025.
As a special highlight, Vermont-based Beta Technologies was prominently featured in the Flying Taxis presentation by Martine Rothblatt of Unified Therapeutics at the 2020 Aerospace Innovation Forum. Beta is a visionary aerospace manufacturer developing the next generation of electric vertical takeoff and landing (eVTOL) aircraft, which will transform urban mobility and the future of flight.
Vermont Governor Phil Scott said, “I’m pleased to support the partnership of the Vermont Agency of Commerce and Community Development, U.S. Small Business Administration, Vermont Chamber of Commerce, and U.S. Commercial Service to advance Vermont’s aerospace and aviation industry. Vermont’s participation in Aéro Montréal’s Innovation Forum was one of many positive steps we have taken as we work to grow our state’s aerospace sector and strengthen the U.S.-Canadian trade corridor.”
Vermont Chamber of Commerce Vice President of Business Development Chris Carrigan said, “Our delegation and work in December is the culmination of seven years of inter-clustering and supply chain integration, which is optimizing global supply chains by providing our companies and northern neighbors with access to new markets, contacts, innovation, business opportunities, and contracts in a new virtual supply chain landscape.”
The 2020 Vermont delegation consisted of Beta Technologies, Burlington International Airport, Cam Development & Micro Components, KAD Models & Prototypes, Liquid Measurement Systems, Mansfield Heliflight, Manufacturing Solutions Inc., North Country Engineering, and Stephens Precision. For more information, visit www.themanufacturingsummit.com or Vermont Division of International Trade.
About the Vermont Agency of Commerce and Community Development
The Vermont Agency of Commerce and Community Development’s (ACCD) mission is to help Vermonters improve their quality of life and build strong communities. ACCD accomplishes this mission by providing grants, technical assistance, and advocacy through three divisions: The Department of Economic Development, the Department of Tourism and Marketing, and the Department of Housing and Community Development. For more information on ACCD please visit: accd.vermont.gov.
About the Vermont Chamber of Commerce
The largest statewide, private, not-for-profit business organization, the Vermont Chamber of Commerce represents every sector of the state’s business community. Its mission is to create an economic climate conducive to business growth and the preservation of the Vermont quality of life.
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